NASDAQ Potential short
Nasdaq seems to have stopped and is pushing up to wards the gray zone which is the 50.0% to 61.8%region which also lines up with the trend line.
We will be taking profits as follows; TP1: close 50% of the position, TP2: close 25% of running position, TP3: final TP and remaining 25% is closed.
Entry will be on the basis of two main types. A risk entry within the gray zone with the use of candlestick patterns. The second entry would be a break and retest of the counter trend line we would identify when price gets to the gray zone.
We will be taking profits as follows; TP1: close 50% of the position, TP2: close 25% of running position, TP3: final TP and remaining 25% is closed.
Entry will be on the basis of two main types. A risk entry within the gray zone with the use of candlestick patterns. The second entry would be a break and retest of the counter trend line we would identify when price gets to the gray zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.